Epoch Investment Partners Inc. Sells 481,103 Shares of Walmart Inc. (NYSE:WMT)

Epoch Investment Partners Inc. decreased its position in Walmart Inc. (NYSE:WMT) by 46.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 565,561 shares of the retailer’s stock after selling 481,103 shares during the period. Epoch Investment Partners Inc.’s holdings in Walmart were worth $79,756,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WMT. Clear Perspective Advisors LLC purchased a new stake in Walmart in the second quarter worth $426,000. Colonial River Wealth Management LLC lifted its stake in Walmart by 4.5% in the second quarter. Colonial River Wealth Management LLC now owns 5,647 shares of the retailer’s stock worth $796,000 after acquiring an additional 244 shares during the period. Laurion Capital Management LP purchased a new stake in Walmart in the second quarter worth $1,015,000. Cherry Creek Investment Advisors Inc. purchased a new stake in Walmart in the second quarter worth $1,461,000. Finally, Seeyond lifted its stake in Walmart by 8.7% in the second quarter. Seeyond now owns 93,790 shares of the retailer’s stock worth $13,226,000 after acquiring an additional 7,472 shares during the period. Hedge funds and other institutional investors own 30.22% of the company’s stock.

Shares of Walmart stock traded up $1.21 during trading hours on Thursday, reaching $139.58. 128,138 shares of the stock traded hands, compared to its average volume of 8,142,436. The company has a 50 day moving average price of $144.99 and a 200 day moving average price of $141.76. The firm has a market capitalization of $389.22 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 4.21 and a beta of 0.47. Walmart Inc. has a one year low of $126.28 and a one year high of $153.66. The company has a quick ratio of 0.38, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Walmart (NYSE:WMT) last released its quarterly earnings results on Monday, August 16th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.21. The business had revenue of $141 billion during the quarter, compared to the consensus estimate of $136.07 billion. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 EPS. Sell-side analysts anticipate that Walmart Inc. will post 6.3 earnings per share for the current year.

In related news, Director S Robson Walton sold 578,859 shares of the business’s stock in a transaction that occurred on Thursday, August 19th. The stock was sold at an average price of $149.84, for a total transaction of $86,736,232.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, July 22nd. The stock was sold at an average price of $141.21, for a total value of $1,370,866.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,212,124 shares of company stock valued at $1,213,033,182. 48.44% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on the company. Stifel Nicolaus reissued a “hold” rating and set a $160.00 price objective (up previously from $155.00) on shares of Walmart in a research report on Tuesday, August 17th. Tigress Financial reissued a “hold” rating and set a $170.00 price objective on shares of Walmart in a research report on Friday, August 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Walmart from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, August 18th. UBS Group raised their price objective on Walmart from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, August 18th. Finally, Cowen raised their price objective on Walmart from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, August 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and an average price target of $169.84.

Walmart Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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